PIK Price

Example Definitions of "PIK Price"
PIK Price. Eighty percent (80%) of the arithmetic average of the VWAP of the Common Stock on each of the twenty (20) consecutive Trading Days ending on the last Trading Day of the applicable month; provided, however, if the Company does not make available publicly the type of information described in Rule 144(c) promulgated under the Securities Act for a period in excess of ninety (90) days, the PIK Price shall be the price per share that the Company could obtain from a willing buyer for a share of Common... Stock sold by the Company from authorized but unissued shares on the last day of the applicable month, as such price shall be determined in good faith by the Company's Board of Directors View More
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